The diverted profits tax is a new tax enacted as part of FA 2015. It seeks to target profits which have been ‘diverted’ from the UK tax net, either by the involvement of entities or transactions lacking economic substance, or through an ‘avoided PE’. Read to find out more.

This guide has been developed to provide an easy reference for finance and tax specialists within multi-national companies or those considering cross border ventures. It presents the relevant rules and legislation in each country including pricing methods, documentation requirements and penalties.

Taken from the Tolley Exam Training EU VAT ADIT training manual, this piece covers ‘Management and advice’ and the difficult distinction in the area of financial exemptions between a ‘transaction’ and ‘advice’, where ‘transaction’ is exempt, but the provision of advice is taxable.

Last July, the G20 finance ministers met in Moscow to endorse the OECD's action plan on tackling base erosion and profits shifting. One year on, Tax Journal the leading tax publication for the UK corporate and business community has produced a special report on 'BEPS one year on'

Aberdeen surveyed 200 companies to understand how their financial executives support their international expansion activities. The study revealed that CFOs strive to maintain real-time visibility to financial data and information through a mix of process innovation and technology implementation.

This issue reviews the UK-Swiss tax co-operation agreement and action
that is required; discusses recent experiences with Liechtenstein Disclosure Facility cases. This paper also looks at changes in France and proposed reform of UK anti-avoidance provisions.

The process of rebuilding liquidity in the Irish economy has begun. Baker Tilly is playing a leading role in the nationwide restructuring and recovery of the country, assisting both domestic and overseas lenders with investments in the Republic.

Even after April’s surprise announcement of 4.0% CPI inflation for March, inflation remains high at double the Bank of England’s target and interest rates will be on the rise. Many businesses are therefore facing dangers that are largely beyond their control.

A delegation from Guernsey’s finance industry is visiting Moscow this month to learn more about the potential opportunities for the two centres to do business together.
Guernsey has been developing its presence in the ‘emerging’ markets during the last five years. The Island opened a representative... view abstract